If you haven’t checked out iKobo yet, you should. It’s like … the replacement for Western Union [] It’s a new way to send money, and unlike paypal, the person you’re sending money to doesn’t have to have an account, or even a computer!

They get a Visa debit card! They can get the money out of any ATM, or they can just use the card … anywhere Visa is accepted. [] Not only that, you can send and receive money pretty much anywhere, from Argentina to Zimbabwe! Try that with PayPal?

Of course, everyone has to make money somehow, right? How does iKobo do it? They charge a flat 4% fee, with a $2 minimum. And of course, the recipient looses $1.50 for each withdrawal at the ATM (take it all out at ONCE, please). Bottom line: this is a great way to send money, but NOT a good way to pay for penny-ante eBay sales. Oh yeah, and your first transaction is free [] so go try it out I could use the cash